BitsCrunch: Making Sense of NFT Market Manipulation
BitsCrunch, an AI-powered decentralized data platform, has been monitoring activity in the NFT market to detect potential wash trading. Wash trading refers to the practice of manipulating market prices by conducting trades between yourself or collaborators to create artificial demand. While it may boost short-term sales volume and asset prices, wash trading undermines the integrity of the market and misleads other participants. By analyzing on-chain transaction data with machine learning mode...
BitsCrunch: Making Sense of NFT Market Manipulation
BitsCrunch, an AI-powered decentralized data platform, has been monitoring activity in the NFT market to detect potential wash trading. Wash trading refers to the practice of manipulating market prices by conducting trades between yourself or collaborators to create artificial demand. While it may boost short-term sales volume and asset prices, wash trading undermines the integrity of the market and misleads other participants. By analyzing on-chain transaction data with machine learning mode...
